Massachusetts Financial Services Co. MA Sells 5,809 Shares of Helen of Troy Limited (NASDAQ:HELE)

Massachusetts Financial Services Co. MA cut its stake in shares of Helen of Troy Limited (NASDAQ:HELE) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,343 shares of the company’s stock after selling 5,809 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.41% of Helen of Troy worth $29,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HELE. Principal Financial Group Inc. grew its holdings in shares of Helen of Troy by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 100,753 shares of the company’s stock valued at $12,172,000 after purchasing an additional 1,336 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Helen of Troy during the 4th quarter valued at approximately $252,000. Norges Bank bought a new stake in shares of Helen of Troy during the 4th quarter valued at approximately $27,380,000. Ontario Teachers Pension Plan Board grew its holdings in Helen of Troy by 394.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 15,409 shares of the company’s stock worth $1,862,000 after acquiring an additional 12,293 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in Helen of Troy by 18.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,304 shares of the company’s stock worth $643,000 after acquiring an additional 841 shares during the last quarter.

Helen of Troy Trading Down 0.1 %

NASDAQ:HELE opened at $59.67 on Friday. The firm’s fifty day moving average is $55.56 and its 200-day moving average is $86.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.87. Helen of Troy Limited has a 52 week low of $48.05 and a 52 week high of $127.83. The firm has a market cap of $1.36 billion, a P/E ratio of 9.35, a P/E/G ratio of 1.09 and a beta of 0.85.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings data on Tuesday, July 9th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.60). Helen of Troy had a return on equity of 10.25% and a net margin of 7.82%. The business had revenue of $416.80 million for the quarter, compared to analyst estimates of $445.85 million. During the same quarter in the previous year, the company posted $1.58 EPS. The business’s quarterly revenue was down 12.2% on a year-over-year basis. Equities analysts expect that Helen of Troy Limited will post 6.33 earnings per share for the current year.

Helen of Troy declared that its board has authorized a stock buyback program on Thursday, September 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 39.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

HELE has been the topic of a number of research reports. StockNews.com lowered shares of Helen of Troy from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. UBS Group reduced their target price on shares of Helen of Troy from $100.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. DA Davidson lowered shares of Helen of Troy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $139.00 to $67.00 in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group reduced their target price on shares of Helen of Troy from $137.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th.

Helen of Troy Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.